1980 Chrysler Newport-318, Runs Great!rebuilt Trans, Lean-burn Is Bypassed, on 2040-cars
Wadsworth, Illinois, United States
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This is a 1980 Chrysler Newport. When I bought this car last year, it was peppered with rust and both bumpers had the chrome flaking off. The front fenders were dented. I had the Front bumper and front fenders replaced. I filled in some of the rust and ground down some of the surface rust on the sides of the car. I filled in the rust on the trunk lip and I tried filling in a huge dent on the passenger door, but it didn't come out right (see pictures). I have a super clean passenger door, but it has no glass, window regulator or door locking hardware. I painted the sides white to match with Chrysler spray paint. It looks good from a distance, but it will need some filling in the quarters and a good coat of paint and clear coat. I have a clean rear bumper that I will install this weekend. Both front windows roll almost all the way up, but when they get about an inch from the top, the teeth in the window regulator are gone, so you have to scoot it up with your hands. The rear left window is slightly out of alignment. The A/C seems to blow cold (or at least cool), but the blower motor only blows on the first setting, no matter what setting the switch is at. Heater and defrost work fine. The radio is from a 1999 Dodge Caravan. The tape deck works, but some of the display lights are out. Horn is inoperable. The wipers work, but don't hideaway and the washer doesn't work. The previous owner installed a certified police package speedometer and an aftermarket tachometer. It looks factory. Also, all the display lights work except the "Brake" "Washer Fluid" and "Door" warning lights. I scalped them from a Chrysler New Yorker and haven't had the chance to wire them up. This one has the optional gauge package with Oil pressure, Volts and Engine temp. Previous owner put in a four-speaker system with a new dash pad. Brakes are fine. Tires are in good shape. The rears have about 300 miles on them, but they were on a Crown Victoria that blew the engine for 5 years. I personally mounted and balanced them all myself. The front end might need a wheel alignment. The dual exhaust is new. The "Lean-Burn" computer system has been overridden by a standard MSD ignition. The factory system was prone to problems and the previous owner did this for reliablilty reasons. The transmission was overhauled by National TRansmission on Grand Ave in Chicago last fall. The only issue is that the pivot axle for the throttle kickdown linkage is broken off. If you take a bolt and shave the head off, tack weld it in place, and put the linkage on, it'll be as good as new. Right now, the linkage is zip-tied in place. The car still shifts through all three gears and reverse, but shifts into 3rd gear just a tad early. The headliner was non-existent when I bought it. My wife and I used bedsheets to reupholster the headliner and sail panels. I wanted a sort of "Mod-Top" look on the inside. It looks great and doesn't sag. Car comes with some extra trim parts and marker light lenses. The spare is in ok shape. All the exterior lighting works. These Chrysler R-Body cars are extremely rare and interesting. Once you get past the Lean-Burn system and overhauling the transmission, there's really nothing else that goes wrong on these cars. This car would make a great restoration project or a police car replica. You can drive it anywhere. It has a clean title and it runs great, smooth and solid. Car is located in Wadsworth, IL 60083, near Great America, north of Chicago. You will have to pick it up. I can deliver wherever you like, but it'll cost you. Message me for details. I'll need a deposit within 48 hours of auction close. I except Paypal, cash, checks (as long as you don't mind waiting for them to clear) for the difference. |
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Chrysler purchases remaining shares from VEBA Trust, announces funding plan
Thu, 23 Jan 2014It's official: The Detroit Three is now The Detroit Two and The Fiat Subsidiary, Chrysler. Both the Italian carmaker and The Pentastar announced the completion of cash payments and a Memorandum of Understanding (MOU) on future payments necessary to make the Chrysler Group a wholly-owned subsidiary of Fiat. As previously detailed, Chrysler made a cash payment of $1.9 billion and Fiat North America made a cash payment of $1.75 billion to the Voluntary Employment Benefit Association (VEBA) run by the United Auto Workers union.
On top of that, Chrysler Group signed an MOU that agrees to payments of $700 million to the VEBA in four installments, the first of which was made concurrently with the other cash payments. And for you trivia mavens, the full name of the UAW is the International Union, United Automobile, Aerospace and Agricultural Implement Workers of America. So go impress your loved ones with that nugget after you check out the press release below.
Fiat ups Chrysler stake by 3.3%, inches closer to full control
Mon, 08 Jul 2013Fiat is one step closer to completing a merger with Chrysler after exercising an option to acquire an additional 3.3 percent of the Auburn Hills-based automaker today. Automotive News reports that Fiat now controls 68.49-percent of Chrysler, which is up almost 10 percent since we last heard news of this deal back in February when Fiat talking to various banks to raise more capital in order to complete the acquisition.
The article says that Fiat is still able to increase its stake in Chrysler up to 75 percent over the next 12 months, but it sounds like CEO Sergio Marchinonne would rather purchase the remaining shares from VEBA - the retiree benefits trust - sooner rather than later. Unfortunately, the two sides still seem far from an agreement on a fair price for the rest of Chrysler, as Fiat has them valued at $4.2 billion compared to the $10.3 billion estimate from the unions that currently own the remaining stake in Chrysler.
Merged PSA and Fiat would retain all brands, Tavares says
Sat, Nov 9 2019By Elisa Anzolin and Gilles Guillaume PARIS/TURIN, Italy (Reuters) - Peugeot maker PSA Group and Fiat Chrysler would retain all of their car brands if their planned $50 billion merger goes ahead, the would-be chief executive of the combined group said on Friday. PSA CEO Carlos Tavares, seen as the architect of PSA's turnaround and in line to take the operational helm in the Fiat tie-up, said in a TV interview that the companies complemented each other well geographically and in terms of technology and brands. FCA derives 66% of its revenue from North America compared with only 5.7% for PSA, Refinitiv Eikon data shows. Europe remains the main revenue driver for PSA. "There's no doubt it's a very good deal for both parties. It's a win-win," Tavares told France's BFM Business, in his first interview since the French and Italian companies announced plans to create the world's fourth-largest auto maker last week. Fiat Chrysler (FCA) Chairman John Elkann, who would chair the combined group, said on Friday at an event in Turin that the 50-50 share merger would help the Italian carmaker "seize great opportunities." The deal, which would help the firms pool resources to meet tough new emissions rules and investments in electric and self-driving vehicles, as well as counter a broader downturn in car markers, is still at an early stage. PSA and Fiat have said they aim to reach a binding outline in the coming weeks, but still face questions over potential job losses, as well as scrutiny over whether the transaction favors one party more than the other. Tavares said the brands that would come under the combined group's umbrella — PSA's five passenger car nameplates include Citroen, Vauxhall and Opel, while FCA has nine, including Fiat, Alfa Romeo, Maserati, Chrysler, Dodge and Jeep — were all likely to survive. "As of today, I don't see any need to scrap any of the brands if the deal came to pass. They all have their history and their strengths," Tavares said. Few carmakers have as large a portfolio, with German rival Volkswagen Group counting 10 passenger brands, if newer Chinese ones such as electric vehicle label Sihao are included. The merger will also require approval from anti-trust authorities. Tavares said he did not expect the companies to have to make major concessions to meet competition rules, but added they were ready to do so, without giving details.























